AOL: "Well, we all just got laid off. AOL Music is...

4:24 PM "Well, we all just got laid off. AOL Music is finished," tweets Dan Reilly, (until now) the editor of AOL-owned music site Spinner. AOL has since confirmed it has shut down its Music unit, as new online media chief Susan Lyne makes good on her promise to take a hard look at underperforming AOL Web properties. AOL's online media unit generated OIBDA of just $8.8M in Q4; by contrast, the declining/cash cow ISP unit generated $158.7M. Q1 results arrive on May 8. Read comments

AOL price at time of publication: $39.04. Check AOL price now »

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Press Releases on AOL

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StockTalk on AOL: AOL StockTalk | Twitter AOL | Twitter $AOL | AOL Instablogs

Recent Market Alerts on AOL: All currents | Earnings | Dividends | M&A | On the move

Transcripts on AOL

• AOL's CEO Presents at Deutsche Bank's DbAccess 21st Annual Media and Telecom Conference (Transcript)
• AOL's CEO Discusses Q4 2012 Results - Earnings Call Transcript
• AOL Management Discusses Q3 2012 Results - Earnings Call Transcript

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